Former NBA Star Joe Smith Opens Up About Battling Depression and Financial Struggles: From $61 Million to $3,000. Former NBA player Joe Smith, the first overall pick in the 1995 NBA Draft, recently disclosed the challenging times he faced as his $61 million fortune dwindled to just $3,000 in 2018. Smith, who gained recent attention for a viral video involving his wife’s OnlyFans account, opened up about his struggles, both financially and mentally, in an interview with VLAD TV.
In the year 2018, Smith took part in the reality program ‘Back in the Game,’ which was hosted by Alex Rodriguez and aimed to aid former athletes in their financial recovery. Conversely, Smith conveyed his dissatisfaction with the consequences.
Former NBA Star Joe Smith Opens Up About Battling Depression and Financial Struggles: From $61 Million to $3,000. He stated, “I thought [the show] would help more with the stuff they were saying they would do. But once we finished shooting, that was it. I couldn’t get in touch with anybody at the TV show.”
Smith remembered, “It was quite low. I was in a deep, deep depression, mentally messed up.” Despite a successful NBA career, Smith faced financial hardship after retirement, coupled with a battle against depression
In the interview, Smith revealed that his NBA pension, a vital financial support system for retired players, had not yet kicked in, exacerbating his financial challenges. Post his playing career, Smith ventured into individual coaching, starting his own business in 2015, aiming to contribute to the basketball community.
The former NBA star highlighted the challenges faced by retired athletes, emphasizing the need for comprehensive support beyond the duration of reality shows. Smith’s journey sheds light on the financial struggles many athletes encounter post-retirement and the importance of sustainable support systems.
Regarding the viral video where Smith discovered his wife’s OnlyFans involvement, he clarified that it was not a publicity stunt. The viral video of Smith’s surprise and emotions sparked discussions about personal ties and social influence.
Smith said, “We don’t understand our global influence,” in a post-viral interview with VLAD TV. I haven’t been in the media or social eye in a while.”
This somber story indicates that nothing is constant in this eternal world. Nobody is in solid platform to lead a happy life. Even a star like Joe Smith had to suffer for money. It proves that everyone needs to be careful about their spending nature.
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